Magic Eden commits $75M to DiceyHQ as on-chain casino exits private beta
Crypto Briefing
Magic Eden has pledged $75 million to support the public launch and operations of the blockchain-based casino and sportsbook platform, DiceyHQ.Summary
Magic Eden is expanding its role as a multi-chain platform by committing $75 million to DiceyHQ, an on-chain casino and sportsbook. The funding is allocated toward the platform's bankroll, operations, and marketing efforts as it transitions from a private beta to a public release. Built on the Solana blockchain to leverage low transaction costs, DiceyHQ aims to establish credibility in the gambling sector with this significant backing. The partnership suggests a deeper financial arrangement, likely involving revenue sharing, while representing a calculated move into the regulatory gray area of on-chain gambling.
(Source：Crypto Briefing)